Share Bank of Canada Governor Mark Carney has put Canadians on notice that today’s low borrowing costs are likely to increase by midsummer, if not sooner. Almost a year ago, Carney decided to combat the recession by taking the unusual step of promising to keep the bank’s overnight rate are the record low of 0.25% [...]
Share The Canadian housing market has been hot throughout the past decade, however it will cool over the coming years as higher interest rates begin to take effect and the population ages, according to the latest report on real estate trends from Scotiabank. Meanwhile, we expect a strong housing market this spring as buyers are [...]
Share Canada’s core inflation rate rose beyond the Bank of Canada’s expectations to 2.1% from 2%, however the central bank is unlikely to move up its target date for raising interest rates, noted a top economist. As we have heard from the Bank of Canada, higher inflation could bring about the Bank to raise the [...]
Share A recent Royal Bank of Canada (RBC) poll showed that homebuying momentum in Canada continues to gain momentum with the portion of Canadians who are likely to purchase a home within the next two years rising to 10%. This data is according to the 17th Annual RBC Homeownership Study; it shows that younger Canadians, [...]
Share Canadians are almost certain to be enjoying the historically low interest rates for at least another 4 months now that the Bank of Canada has missed the opportunity to have a policy change today. The central bank acknowledged during its scheduled policy rate announcement that the economy has improved, even to the point that [...]
Share Canada’s inflation rate rose last month as Statistics Canada’s consumer index rose more than half a point to 1.9%, making this the largest increase seen in more than a year. The entire inflation indicators rose in January and all provinces experiences inflations, with Atlantic Canada having the biggest gains. The Bank of Canada core [...]
Share Finance Minister Jim Flaherty is tightening mortgage rules in order to crack down on speculators and discourage homeowners from taking on too much debt. This is the attempt made to responding on the growing concerns that Canada’s housing market is getting too hot, although he stresses that there is no such bubble in Canada’s [...]
